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Property profile & analytics
OFF-MARKET
Estimated value
$5,360,000
Warehouses
21930 Miles Rd North Randall, OH 44128-4704
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1874434
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
60,600 SF
Lot
7.84 ac (341,466 SF)
Zoning code
I
APN
771-10-036
UPID
US66-1874434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.52M
Comparable Approach
Comparable
$5.99M
Blend (final)
Blend
$5.36M
Owner & transaction history
Arec 37 LLC · 6 yrs held
Arec 37 LLC
since 2019
6 recorded transactions
Zoning & alternative use
I · North Randall, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+62.4%
Neighborhood: shopping center
$6.1M
+51.4%
Auto repair, garage
$5.4M
+33.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Randall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Randall submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,980,000
6.5%
$5,520,000
7%
$5,125,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,055,000
Current use
MEDICAL BUILDING
$6,585,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,140,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,390,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,020,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,485,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$5.36M
Range $4.82M – $5.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$158,783
Tax year 2023
Assessed value
$1,567,830
Assessed 2023
Previous assessed
$1,567,830
+0.0% YoY
Effective rate
10.13%
On assessed value
Assessed land
$394,380
Assessed improvement
$1,173,450
Land market value
$1,126,800
Improvement market value
$3,352,700
Total market value
$4,479,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
1
Total area
60,600 SF
Lot
7.84 ac (341,466 SF)
Zoning code
I
APN
771-10-036
UPID
US66-1874434
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · North Randall, OH
Zoning I · permitted uses
I · North Randall, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Randall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$6.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
7.84 ac
Current owner
From public records · entity-resolved
Arec 37 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Arec 37 LLC
—
Deed
related
$115,000,000 · American General Life Insurance Co
Oct 11, 2019
—
Arec 37 LLC
21930 Miles Eat LLC
Trustees Deed
related
$109,000,000 · Athene Annuity & Life Co
Sep 29, 2017
$4,100,000
21930 Miles Eat LLC
Oo Miles Property LLC
Grant Deed
—
Sep 14, 2011
—
Oo Miles Property LLC
—
Trustees Deed
related
$1,098,000 · Huntington National Bank
Aug 12, 2011
$1,650,000
Oo Miles Property LLC
Syms Corp
Grant Deed
$1,533,600 · Huntington National Bank
—
—
Oo Miles Property LLC
—
Deed Of Trust
related
$1,130,200 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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